Maximum- yes, MAXIMUM wage.

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Maximum- yes, MAXIMUM wage.

Postby go get the bird » Tue Apr 22, 2014 1:35 pm

Yahoo! wrote:Or if that's too harsh, how about making it 200 times the minimum, raising the maximum to $3 million a year. Hell, we could even peg the maximum to 1,000 times the minimum wage — $15 million a year — and still allow CEOs to be filthy rich while reining in the most obscene excesses at the very top. (Forbes reports that top-earning CEO John Hammergren of California medical supply company McKesson earned total compensation in 2011 of $131.2 million.)

An added benefit of tying maximum pay to the minimum wage is that it would give the super-rich an incentive to back (or at least to stop opposing) a minimum wage hike. Now there's a way to inspire democratic fellow-feeling across classes!


http://finance.yahoo.com/news/why-maxim ... 00788.html

Another reason to not work hard. :fingerhead:
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Re: Maximum- yes, MAXIMUM wage.

Postby Gj325 » Tue Apr 22, 2014 5:34 pm

How about a max tax rate 300 times more than what the lowest or even 1000 times what the lowest pays.
Last time I checked 1000 x 0 = $0

Really we are so worried about what someone makes. I want everyone to make as much as they can be as happy and buy whatever they want. Last time I checked everyone I worked for was wealthier than I am. If they weren't they wouldn't be buying what I sell.

I love the rich Please Please make more!!!!!
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Re: Maximum- yes, MAXIMUM wage.

Postby beretta24 » Tue Apr 22, 2014 5:50 pm

Gj325 wrote:How about a max tax rate 300 times more than what the lowest or even 1000 times what the lowest pays.
Last time I checked 1000 x 0 = $0

Really we are so worried about what someone makes. I want everyone to make as much as they can be as happy and buy whatever they want. Last time I checked everyone I worked for was wealthier than I am. If they weren't they wouldn't be buying what I sell.

I love the rich Please Please make more!!!!!

The lowest rates are negative. Some folks get paid
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Re: Maximum- yes, MAXIMUM wage.

Postby Gj325 » Tue Apr 22, 2014 8:20 pm

beretta24 wrote:
Gj325 wrote:How about a max tax rate 300 times more than what the lowest or even 1000 times what the lowest pays.
Last time I checked 1000 x 0 = $0

Really we are so worried about what someone makes. I want everyone to make as much as they can be as happy and buy whatever they want. Last time I checked everyone I worked for was wealthier than I am. If they weren't they wouldn't be buying what I sell.

I love the rich Please Please make more!!!!!

The lowest rates are negative. Some folks get paid



I have an employee who has 6 kids. Pays no taxes. That I know for a fact because he has never had one cent come out of his check other than SS and Medi Cade Claims he gets almost 10 k back on his taxes. I can't verify that but he does make over 50 k a year in actual pay plus he gets full medical for family and pension. But doesn't pay a cent. He will not let his wife take a job due to he would have to pay tax and lose the tax refund or so he claims. He won't work any OT and makes sure he doesn't make over 55 k in order to get full tax credit.
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Re: Maximum- yes, MAXIMUM wage.

Postby SpinnerMan » Wed Apr 23, 2014 6:24 am

I'll bet professional sports is pushing for this. That would mean huge profits for the owners. The CEO would just take the profit in a form other than salary as they largely do now anyways for tax reasons.

http://statisticbrain.com/professional-sports-average-salary-revenue-salary-cap/

Sport Average Salary
National Basketball League (NBA) $5.2 Million
Major League Baseball (MLB) $2.5 Million
National Football League (NFL) $1.75 Million
National Hockey League (NHL) $1.3 Million
Professional Golf Association (PGA) $0.973 Million
Women’s Tennis $0.345 Million
Men’s Tennis $0.260 Million
Women’s Golf $0.162 Million

Then again, maybe this is just another racist effort to keep the black man down given that it would have a disparate impact on the sports with the highest fraction of black athletes.

The minimum wage keeps the black man from getting a job if they live in a poor neighborhood and if they escape that trap via a professional sports career, they can't rise too high. Racist bastards, clearly. What else could lead someone to propose something so moronic as minimum and maximum wages and pretend like we live in a free society.
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Re: Maximum- yes, MAXIMUM wage.

Postby Rat Creek » Wed Apr 23, 2014 10:27 am

This is the same version, different flavor, of dividing people against each other. It is no one's business.

As Spinner stated, the wealthy will get paid in other ways. Remember Ben and Jerry's ice cream. They had some socialist policy that they could only earn a salary 10x the lowest paid. It sounded so nice and fair and caring and just. So, they took cash bonuses, dividends, stock awards, etc. in making millions But the useful idiots always fall for the "working man" crap. :bow:

I am running for office and my campaign theme is no one should make more than me. That will make the world a better place and the sea levels will drop. That is hope and change we can believe in. :hammer:
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Re: Maximum- yes, MAXIMUM wage.

Postby Glimmerjim » Thu Apr 24, 2014 1:51 am

Its a radical idea and antithetical to the concept of "Free Market" and personal freedom without undue interference by the Government........but that doesn't necessarily make it wrong. I realize the majority of the populace will consider it as a form of socialism, but I feel it deserves a better look than that. Not saying I would immediately accept the idea, but it something worth thinking about, in my opinion. Who, may I ask, of all the uber-wealthy in the US, would not do exactly what they are currently doing if their total annual salary and benefits package was maxed at say $15 mil? That is approximately 1000 x the minimum wage.
I could continue with my theories, but perhaps I am better served to leave it at that and see what justification is provided for unlimited annual pay.
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Re: Maximum- yes, MAXIMUM wage.

Postby SpinnerMan » Thu Apr 24, 2014 6:36 am

Here is the fatal flaw in all these schemes.

Capital can flow fairly freely around the world today.

Putin invades the Ukraine and billions start leaving Russia. That's a good thing.

You try to devise some scheme to set a truly arbitrary cap on one way to acquire wealth in one part of the globe, capital flows away.

We should be doing EVERYTHING we can to make the rest of the world want to move their capital here. Wage inflation should be the major impediment that ends up equilibrating the flow of capital. This is exactly how you get the really high wages we see in the remote oil fields.

http://dailycaller.com/2014/04/23/shale-boom-pipeline-welders-make-150000-in-ohio-while-liberal-arts-majors-flounder/
“A good trade to consider: welding. I recently visited Pioneer Pipe in the Utica and Marcellus shale area of Ohio and learned that last year the company paid 60 of its welders more than $150,000 and two of its welders over $200,000,” Mandel said, adding that the company has actually had to turn down orders because there aren’t enough skilled welders to fill them.


Do these companies want to pay them $200k/yr or do they want to pay them $1.50 per hour? :huh:

Do they pay them that because their CEOs have compensation limits? :lol3: :lol3: :lol3:

Supply and demand. Economics 101. That is the ONLY way to raise wages in a sustainable way. Sure you can force higher wages, but that will just lead to surplus labor (i.e., un and under employment). Higher demand (more capital investment) and lower supply (restricted foreign immigration) is the only sustainable solution.
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Re: Maximum- yes, MAXIMUM wage.

Postby Rat Creek » Thu Apr 24, 2014 2:48 pm

Glimmerjim wrote: That is approximately 1000 x the minimum wage.


And before you know it, you have a progressive tax...er...I mean income system. If you will do it for 1000 x minimum wage, why not 900 X. Do I hear 500 x. Vote for me and I will make it 100 x. No, vote for me and I will make it 10 x.

Or, we could all just butt out and let the free market take care of it. Some will be outlandish, but the vast majority will be well within reason.
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Re: Maximum- yes, MAXIMUM wage.

Postby boney fingers » Thu Apr 24, 2014 5:12 pm

Do you think Oprah will bring it up on her show?
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Re: Maximum- yes, MAXIMUM wage.

Postby Glimmerjim » Fri Apr 25, 2014 1:00 am

Rat Creek wrote:
Glimmerjim wrote: That is approximately 1000 x the minimum wage.


And before you know it, you have a progressive tax...er...I mean income system. If you will do it for 1000 x minimum wage, why not 900 X. Do I hear 500 x. Vote for me and I will make it 100 x. No, vote for me and I will make it 10 x.

Or, we could all just butt out and let the free market take care of it. Some will be outlandish, but the vast majority will be well within reason.

That's a valid point, RC. I have always just resented the power that the billionaires exert on politics. That is what would be better addressed, I guess, though. :thumbsup:
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Re: Maximum- yes, MAXIMUM wage.

Postby boney fingers » Fri Apr 25, 2014 4:51 am

Glimmerjim wrote:
Rat Creek wrote:
Glimmerjim wrote: That is approximately 1000 x the minimum wage.


And before you know it, you have a progressive tax...er...I mean income system. If you will do it for 1000 x minimum wage, why not 900 X. Do I hear 500 x. Vote for me and I will make it 100 x. No, vote for me and I will make it 10 x.

Or, we could all just butt out and let the free market take care of it. Some will be outlandish, but the vast majority will be well within reason.

That's a valid point, RC. I have always just resented the power that the billionaires exert on politics. That is what would be better addressed, I guess, though. :thumbsup:



Jim, I resent the power billionaires exert on politics too; the answer is to take power away from the politicians, the money will take care of its self. Giving politicians more power only makes the problem worse, yet over and over again people like yourself advocate to give the foxes more keys to the hen house, then wonder why there are less and less eggs.
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Re: Maximum- yes, MAXIMUM wage.

Postby SpinnerMan » Fri Apr 25, 2014 5:13 am

boney fingers wrote:
Glimmerjim wrote:
Rat Creek wrote:
Glimmerjim wrote: That is approximately 1000 x the minimum wage.


And before you know it, you have a progressive tax...er...I mean income system. If you will do it for 1000 x minimum wage, why not 900 X. Do I hear 500 x. Vote for me and I will make it 100 x. No, vote for me and I will make it 10 x.

Or, we could all just butt out and let the free market take care of it. Some will be outlandish, but the vast majority will be well within reason.

That's a valid point, RC. I have always just resented the power that the billionaires exert on politics. That is what would be better addressed, I guess, though. :thumbsup:



Jim, I resent the power billionaires exert on politics too; the answer is to take power away from the politicians, the money will take care of its self. Giving politicians more power only makes the problem worse, yet over and over again people like yourself advocate to give the foxes more keys to the hen house, then wonder why there are less and less eggs.

x2

This is so obvious. Why do you think Soros isn't trying to buy the mayor race in East Bumfuk or the Koch brothers donating huge to control their council?

And has any rule ever made a difference? It's like prohibition of alcohol or drug. No matter what the government tries to do, the market exists and people will find a way to benefit. If there is money to be made by swaying government or the regulators, people will find a way. No value in doing so and no money will be wasted.

We can never get to zero, but we could get small enough that the checks and balances and oversight could be far more effective than the current system where it is possible for them to operate in near total secrecy.
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Re: Maximum- yes, MAXIMUM wage.

Postby Rat Creek » Fri Apr 25, 2014 12:58 pm

While it will not cure the billionaire impact on politics, term limits would go a very long way.

Two terms for any office, just like the president. Then worst case is four years in congress, and twelve years in senate. I do not like twelve years in the senate following congress, so there might be an even better approach, such as no more two terms, any combination, including president. That would be best.

If we could get rid of the 20 - 30 year careers (sometimes more), it would help. That invites bad behavior.
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Re: Maximum- yes, MAXIMUM wage.

Postby SpinnerMan » Fri Apr 25, 2014 2:07 pm

Rat Creek wrote:While it will not cure the billionaire impact on politics, term limits would go a very long way.

I really truly think a better solution is a minimum age for first elected or appointed office of 50 years old.

Would Obama sat on his Harvard Law Degree if he had to wait until his 50th birthday before he ran for his first office? :lol3:

He was only 36 years old AND ONLY 6 YEARS OUT OF LAW SCHOOL he was supposedly ready to represent the people of the 13th district in the Illinois legislature. :lol3: :lol3: :lol3: :lol3: :lol3: :lol3: :lol3: :lol3: :lol3:

This is just plain silly that people who hardly have the ink dry on their diploma have the life experience and expertise to run the government. How do you think these people get elected? On their own or through the backing of powerful special interests? :huh:

Rat Creek wrote:If we could get rid of the 20 - 30 year careers (sometimes more), it would help. That invites bad behavior.
Your plan doesn't get rid of that.

BTW, I have no problem with a guy that was highly successful retiring and going into public service and serving in the legislature from the time he is 60 until he is 90. Many of our founding fathers had long careers in government. Few if any was it their FIRST and only career.

The older accomplished individual is much harder to corrupt. The young naive lawyer a few years out of college who thinks he knows everything, well, he's an easy mark. There is an endless string of these people to run through office by the political machines.

The real trick is getting people that have true life experience, who are not crushed if they lose the election, who are not beholden to the political machines, etc. Term limits don't help and likely increase not decrease the power of the political machines.

I'd love to see this be a serious proposal. I'd bet dollars to donuts that the Democrats would object the loudest, but only slightly louder than the big government Republicans. They want people they can control. They don't want people who know what they are doing who are not worried about losing their livelihood and who have a real reputation they wish to maintain.
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Re: Maximum- yes, MAXIMUM wage.

Postby beretta24 » Fri Apr 25, 2014 2:58 pm

You have mentioned this before Spinner, and the more I think about it the more I agree. There is value in having experienced legislators, and if everyone has only just started their congressional career it could have a detrimental impact on forming and passing meaningful legislation. However, I can not imagine age limits having a negative impact, and it still supports maintaining some senior leadership as new members are voted into office.
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